Nikola shares rise over 8% on new vehicle orders
Shares of American truck manufacturer Nikola Corp. rose more than 8% on Tuesday despite JPMorgan evaluating its stocks at Neutral, the equivalent of Hold. The Wall Street company set a stock price target of $45 based on earnings seven years away.
Additionally, Nikola Corp. announced it will launch pre-orders for its Badger light truck on June 29. Meanwhile, the company’s stocks jumped 8.84% to sell for $37.2 per share at 12:06 pm ET.
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